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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Newburgh at 4605 Fieldcrest Place Cir, Newburgh, IN, 47630 generates $2,920/mo in rent and, after a $2,031/mo payment, leaves $396/mo in cash flow. Total monthly income is $2,920/mo, and annual cash flow is $4,750/yr on $137,539 invested. Return on cash invested sits at 23.36% in year one, and rental yield is 8.45% on a $414,900 entry. Equity gained on principal adds $2,677/yr, while 5% annual appreciation builds toward $114,629 over five years. Five-year ROI reaches 121.21% and total cumulative return in cash sums $166,718. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,920/mo property income rather than buyer’s personal income.
Single Family
Built in 2011
9,147 sqft lot
$N/A/sqft
$400 annually HOA
Neighborhood data shown for ZIP Code: 47630, Newburgh, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,362 (100%) |
| Owner Occupied HU | 12,157 (74.3%) |
| Renter Occupied HU | 3,410 (20.8%) |
| Vacant Housing Units | 795 ( 4.9%) |
| Median Home Value | $296,151 |
| Average Home Value | $354,173 |
Residential
16,355
Single Family
16,047
Multi-Family
308
Businesses
675
Date | Event | Price |
|---|---|---|
| 2022-10-19 | Sold | $345,000 |
| 2022-09-08 | Pending sale | $350,000 |
| 2022-08-23 | Price change | $350,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-06-13 | $2846.56 | 1.38% | $373,900 | 1.91% |
| 2023-06-13 | $2807.72 | -41.19% | $366,900 | 6.13% |
| 2022-06-13 | $4774.56 | 93.52% | $345,700 | 12.86% |
Listed by: Michael W Melton • ERA FIRST ADVANTAGE REALTY, INC
Mls Name: IRMLS
Mls Provider:
Mls ID: #202522556
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
